Aon announced that it has agreed to acquire, subject to regulatory confirmation, Lorica Employee Benefits, one of the UK’s most experienced and well-respected consultancy groups. Lorica Employee Benefits is a specialist provider of consultancy, support and technology in corporate pensions, …
AssuredPartners, Bateman Agency Lake Mary, Fla.-based AssuredPartners Inc., through its subsidiary Donald F. LaPenna Associates Inc. in Clark, N.J., has acquired Bateman Agency Inc. Terms of the transaction were not disclosed. Bateman Agency is an independent insurance firm located in …
Jardine Lloyd Thompson Group plc has announced the establishment of JLT Re Argentina (JLT Re Argentina Corredores de Reaseguros S.A.). The new venture is to be based in Buenos Aires, and will be headed by Matias Rosales as its CEO. …
The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It provides additional liability coverage for the …
The Bermuda-based Argo Group International Holdings announced that its Bermuda-based reinsurance company, Argo Re, Ltd., has entered into an agreement with Horseshoe Re Limited that will expand its reinsurance product offerings to meet the growing demands of the Insurance Linked …
Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance broker, announced a repositioning and rebranding of its marine insurance business in Asia. “Effective from 3rd March 2014, Latitude Brokers has launched in Hong Kong as the marine division …
Brit Insurance Holdings B.V., a Lloyd’s of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum of 25 percent of the company will be …
After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in Ireland. Hester announced the …
The ACE Group announced that it has established a new business region, Eurasia & Africa, as part of its Overseas General division – the general insurance operations of the company outside North America. Regional headquarters is to be based initially …
RSA Insurance Group Plc confirmed reports that it plans to raise £775 million ($1.3 billion) in a share sale and scrapped its final dividend to replenish capital depleted by a scandal at its Irish unit and appease bond-rating companies. The …
